NASDAQ$CMBMF
Cambium Networks Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Cambium Networks reported record revenues, increased gross and operating margins, and record adjusted EBITDA.
Cambium Networks reported a strong second quarter with record revenues of $92.7 million, a 49% increase year-over-year, driven by high demand for fixed wireless broadband and enterprise Wi-Fi solutions. The company achieved record operating income and adjusted EBITDA, reflecting its success as a global wireless infrastructure leader.
- Record revenues of $92.7 million, up 49% year-over-year.
- GAAP net income of $11.5 million or $0.40 per diluted share, and record non-GAAP net income of $12.9 million or $0.45 per diluted share.
- Record Adjusted EBITDA of $18.4 million or 19.9% of revenues.
- Cambium shipped its 10 millionth radio since becoming a standalone company.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$92.7M
Revenue by segment
Cambium Networks · $92.7M total across 4 segments · Q2 2021
- Point-to-Multi-Point$59.8M+47.4%64.5%
- Enterprise$18.3M+139.5%19.7%
- Point-to-Point$14.1M+11.6%15.2%
- Other$550K-62.0%0.6%
Forward guidance
Cambium Networks provided financial outlook for the third quarter ending September 30, 2021 and full year ending December 31, 2021.
Tailwinds
- Revenues between $88.0-$92.0 million for Q3 2021.
- GAAP gross margin between 48.3%-49.3% for Q3 2021.
- Non-GAAP gross margin between 48.5%-49.5% for Q3 2021.
- GAAP operating income between $8.9-$10.8 million for Q3 2021.
- Non-GAAP operating income between $11.8-$13.6 million for Q3 2021.
Headwinds
- GAAP operating expenses between $33.6-$34.6 million for Q3 2021.
- Non-GAAP operating expenses between $30.9-$31.9 million for Q3 2021.
- Interest expense, net of approximately $1.0 million for Q3 2021.
- GAAP net income between $7.1-$8.5 million or between $0.25 and $0.29 per diluted share for Q3 2021.
- Non-GAAP net income between $8.6-$9.8 million or between $0.30 and $0.34 per diluted share for Q3 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2021
-2.9%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
39%
11 / 28 earnings
Positive
+20.7%
Q3 2022
Best reaction
-29.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.8% | +11.8% | — | |
| Q3 2025 | +0.0% | +158.7% | +180.0% | |
| Q2 2025 | -5.6% | -21.8% | -31.1% | |
| Q1 2025 | -7.4% | -5.6% | +10.7% | |
| Q4 2024 | -13.8% | -0.8% | -27.2% | |
| Q3 2024 | -9.9% | -3.1% | -24.4% | |
| Q2 2024 | -4.0% | -6.2% | -5.6% | |
| Q1 2024 | -13.9% | -13.5% | -24.0% | |
| Q4 2023 | +5.5% | -3.9% | +0.5% | |
| Q3 2023 | -3.0% | -8.9% | +0.6% | |
| Q2 2023 | -29.8% | -38.5% | -43.1% | |
| Q1 2023 | -0.3% | +3.0% | +22.9% | |
| Q4 2022 | +4.1% | -5.2% | -18.0% | |
| Q3 2022 | +20.7% | +17.9% | +21.4% | |
| Q2 2022 | +0.1% | +1.7% | -3.9% | |
| Q1 2022 | -19.0% | -17.6% | -14.0% | |
| Q4 2021 | +12.9% | +3.9% | +3.7% | |
| Q3 2021 | -7.8% | -7.1% | -19.4% | |
| Q2 2021 | +1.6% | -12.4% | -19.7% | |
| Q1 2021 | +3.2% | -13.2% | -15.2% | |
| Q4 2020 | +3.5% | +4.3% | +19.0% | |
| Q3 2020 | +14.7% | -0.3% | +14.4% | |
| Q2 2020 | +4.5% | +4.8% | +12.2% | |
| Q1 2020 | -17.8% | -25.3% | +0.9% | |
| Q4 2019 | -6.1% | -12.9% | -34.2% | |
| Q3 2019 | -16.5% | -15.3% | -31.2% | |
| Q4 2018 | -4.2% | +1.1% | +12.8% | |
| Q2 2019 | -4.9% | -8.9% | +1.7% | |
| Q1 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q1 2017 | — | — | — |
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